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As global markets face heightened volatility and economic uncertainties, the Swedish stock market has also experienced its share of fluctuations. Despite these challenges, dividend stocks remain a reliable option for investors seeking steady income streams. In this article, we will explore three Swedish dividend stocks that are yielding up to 5.4%, offering a blend of stability and attractive returns in today's turbulent market environment.
Top 10 Dividend Stocks In Sweden
Name | Dividend Yield | Dividend Rating |
Betsson (OM:BETS B) | 5.91% | ★★★★★☆ |
Nordea Bank Abp (OM:NDA SE) | 8.83% | ★★★★★☆ |
Zinzino (OM:ZZ B) | 3.77% | ★★★★★☆ |
HEXPOL (OM:HPOL B) | 3.68% | ★★★★★☆ |
Bredband2 i Skandinavien (OM:BRE2) | 4.36% | ★★★★★☆ |
Axfood (OM:AXFO) | 3.06% | ★★★★★☆ |
Duni (OM:DUNI) | 5.02% | ★★★★★☆ |
Skandinaviska Enskilda Banken (OM:SEB A) | 5.48% | ★★★★★☆ |
Avanza Bank Holding (OM:AZA) | 4.98% | ★★★★★☆ |
Loomis (OM:LOOMIS) | 3.69% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Knowit
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK4.54 billion.
Operations: Knowit AB (publ) generates revenue through four main segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).
Dividend Yield: 3.1%
Knowit AB's recent earnings report showed a decline in revenue to SEK 1.68 billion for Q2 2024, down from SEK 1.76 billion the previous year, with net income dropping to SEK 3 million from SEK 19.5 million. Despite this, Knowit's dividend payments are covered by both earnings (77.3% payout ratio) and cash flows (41.6% cash payout ratio). However, its dividend history has been volatile and unreliable over the past decade, although payments have increased overall during that period.
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Get an in-depth perspective on Knowit's performance by reading our dividend report here.
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Our expertly prepared valuation report Knowit implies its share price may be lower than expected.
Skandinaviska Enskilda Banken
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Skandinaviska Enskilda Banken AB (publ) offers a range of corporate, retail, investment, and private banking services and has a market cap of SEK318.31 billion.
Operations: Skandinaviska Enskilda Banken AB (publ) generates revenue from several segments, including Life (SEK3.89 billion), Baltic (SEK13.82 billion), Asset Management (SEK3.22 billion), Large Corporates & Financial Institutions (SEK31.90 billion), Private Wealth Management & Family Office (SEK4.56 billion), and Corporate & Private Customers excluding Private Wealth Management & Family Office (SEK25.65 billion).